The Trade Desk Inc. (TTD) Stock Rating Lowered by Vetr Inc.
The Trade Desk Inc. (NASDAQ:TTD) was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating in a note issued to investors on Tuesday. They currently have a $71.92 target price on the technology company’s stock. Vetr‘s target price would suggest a potential upside of 9.10% from the company’s current price.
A number of other research firms have also recently weighed in on TTD. Macquarie assumed coverage on shares of The Trade Desk in a research report on Thursday, October 12th. They set an “outperform” rating and a $78.00 price objective on the stock. Zacks Investment Research cut shares of The Trade Desk from a “buy” rating to a “hold” rating in a research report on Friday, October 13th. Royal Bank Of Canada reiterated an “outperform” rating and set a $65.00 price objective on shares of The Trade Desk in a research report on Monday, October 2nd. JMP Securities assumed coverage on shares of The Trade Desk in a research report on Monday, October 2nd. They set an “outperform” rating and a $70.00 price objective on the stock. Finally, Cantor Fitzgerald reiterated a “buy” rating and set a $67.00 price objective (up previously from $62.00) on shares of The Trade Desk in a research report on Thursday, October 5th. One equities research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. The Trade Desk currently has a consensus rating of “Buy” and a consensus price target of $66.63.
Shares of The Trade Desk (TTD) traded up 2.68% during midday trading on Tuesday, reaching $65.92. 641,675 shares of the company’s stock traded hands. The company has a 50-day moving average of $61.90 and a 200-day moving average of $61.86. The company has a market capitalization of $2.69 billion and a price-to-earnings ratio of 60.87. The Trade Desk has a one year low of $22.00 and a one year high of $67.30.
The Trade Desk (NASDAQ:TTD) last posted its quarterly earnings data on Thursday, August 10th. The technology company reported $0.44 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.29. The Trade Desk had a net margin of 13.92% and a return on equity of 26.34%. The business had revenue of $72.80 million for the quarter, compared to analysts’ expectations of $68.02 million. The company’s revenue for the quarter was up 54.2% compared to the same quarter last year. Equities research analysts anticipate that The Trade Desk will post $1.43 EPS for the current year.
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In other news, COO Robert David Perdue sold 12,500 shares of the business’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $53.66, for a total transaction of $670,750.00. Following the completion of the sale, the chief operating officer now directly owns 82,664 shares of the company’s stock, valued at $4,435,750.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeffrey Terry Green sold 9,000 shares of the business’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $53.84, for a total transaction of $484,560.00. Following the sale, the insider now directly owns 130,885 shares of the company’s stock, valued at $7,046,848.40. The disclosure for this sale can be found here. Insiders have sold 228,394 shares of company stock valued at $12,841,942 over the last three months. Insiders own 26.87% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Advisor Group Inc. lifted its stake in The Trade Desk by 9,856.5% in the second quarter. Advisor Group Inc. now owns 2,290 shares of the technology company’s stock worth $115,000 after acquiring an additional 2,267 shares during the period. BNP Paribas Arbitrage SA lifted its stake in The Trade Desk by 665.2% in the second quarter. BNP Paribas Arbitrage SA now owns 2,334 shares of the technology company’s stock worth $117,000 after acquiring an additional 2,029 shares during the period. Nationwide Fund Advisors lifted its stake in The Trade Desk by 181.5% in the first quarter. Nationwide Fund Advisors now owns 2,829 shares of the technology company’s stock worth $105,000 after acquiring an additional 1,824 shares during the period. American International Group Inc. purchased a new stake in The Trade Desk in the first quarter worth about $126,000. Finally, Legal & General Group Plc lifted its stake in The Trade Desk by 75.4% in the second quarter. Legal & General Group Plc now owns 3,872 shares of the technology company’s stock worth $195,000 after acquiring an additional 1,664 shares during the period. 63.08% of the stock is owned by institutional investors.
The Trade Desk Company Profile
The Trade Desk, Inc is a technology company. The Company provides a self-service platform that enables clients to purchase and manage digital advertising campaigns across various advertising formats, including display, video and social, and on a range of devices, including computers, mobile devices and connected television.
To view Vetr’s full report, visit Vetr’s official website.
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